Alpari’s September forex trading volume rises 5% MoM

Alpari’s September forex trading volume rises 5% MoM

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Alpari, the largest forex and CFD broker in Russia in terms of trading volume in 2015, reported that its forex trading volume in September was USD 88.7 billion, up 5% from August.

In absolute value, the main driver of the rise was the most popular forex pair among Alpari’s clients – the EUR/USD. Its volume rose 11% in September. In relative value, the highest increase was posted by the USD/CAD pair – a total of 80% rise.

Alpari is headquartered in Russia and has offices in Saint Vincent and the Grenadines, Mauritius, and the UAE. The group consists of Alpari-Broker (Russia), Alpari Ltd. (Saint Vincent and the Grenadines), Alpari International Ltd. (Mauritius), Alpari Ltd. (Belize), and Alpari Forex (Russia).

Alpari used to operate a UK-regulated branch, which went insolvent in January 2015 after it faced exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse. Earlier this month the global consultancy and auditor KPMG announced it has received a court permission to distribute the remaining Alpari UK money to its former clients.

Also in October Alpari announced it is improving the conditions on its Cashback loyalty program and became a liquidity provider of the trading platform MetaTrader 5.

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